Synopsys Sees Unusually Large Options Volume (SNPS)

Synopsys, Inc. (NASDAQ:SNPS) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 1,096 call options on the company. This is an increase of 1,790% compared to the average daily volume of 58 call options.

Synopsys (SNPS) opened at $90.32 on Friday. The firm has a market cap of $13,492.24, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 4.09 and a beta of 1.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Synopsys has a fifty-two week low of $56.03 and a fifty-two week high of $94.80.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.12. Synopsys had a negative net margin of 17.24% and a negative return on equity of 14.38%. The company had revenue of $696.60 million during the quarter, compared to analyst estimates of $650.72 million. During the same period last year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. sell-side analysts predict that Synopsys will post 1.93 earnings per share for the current year.

A number of equities research analysts recently weighed in on SNPS shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of Synopsys in a report on Thursday, August 31st. Royal Bank Of Canada raised shares of Synopsys from an “outperform” rating to a “top pick” rating and raised their price objective for the stock from $90.00 to $100.00 in a report on Wednesday, October 25th. Zacks Investment Research lowered shares of Synopsys from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. reissued an “average” rating on shares of Synopsys in a report on Thursday, September 14th. Finally, DA Davidson reissued a “buy” rating and set a $105.00 price objective (up from $91.00) on shares of Synopsys in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $98.13.

Several institutional investors have recently bought and sold shares of the company. Sawtooth Solutions LLC lifted its position in shares of Synopsys by 0.3% in the 2nd quarter. Sawtooth Solutions LLC now owns 3,220 shares of the semiconductor company’s stock worth $235,000 after buying an additional 9 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Synopsys by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,767 shares of the semiconductor company’s stock worth $494,000 after buying an additional 18 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Synopsys by 3.7% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock worth $111,000 after buying an additional 55 shares during the last quarter. Ifrah Financial Services Inc. lifted its position in shares of Synopsys by 1.2% in the 2nd quarter. Ifrah Financial Services Inc. now owns 5,204 shares of the semiconductor company’s stock worth $380,000 after buying an additional 62 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Synopsys by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the semiconductor company’s stock worth $678,000 after buying an additional 100 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

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Synopsys Company Profile

Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.

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